GMAT Quantitative Reasoning Practice Test 2

Question : 6 of 100

Marks: +1, -0

A merchant gets a

5 \%

discount on each meter of fabric he buys after the first 2,000 meters and a

7 \%

discount on every meter after the next 1,500 meters. The price, before discount, of one meter of fabric is

\$ 2

, what is the total amount of money the merchant spends on 4,500 meters of fabric?

Solution:

The price of the first 2,000 meters of fabric is

\$ 2=\$ 4,000

. The price of the next 1,500 meters is

95 \%

\$ 2=\$ 1.9=\$ 2,850

. The price of the last 1,000 meters is

93 \%

\$ 2=\$ 1.86=\$ 1,860

. The total amount spent is:

\$ 4,000+\$ 2,850+ \$ 1,860=\$ 8,710

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